1. The World Bank said on Wednesday that global commodity prices are expected to rise by 23% in 2026, influenced by factors such as rising energy prices during the Middle East wars, disrupted freight transport, obstacles to grain shipments over the Black Sea, and strong demand for safe-haven assets such as gold.
2. The Zhengzhou Commodity Exchange (ZCE) has decided to adjust the premium/discount for some delivery warehouses of manganese silicon futures, changing it from -190 yuan/ton to -140 yuan/ton, effective from the SM2711 contract.
3. According to Reuters, seven industry sources revealed that Russian authorities have issued permits allowing ships carrying exported grain to leave the Sea of Azov. This is the first time such vessels have been allowed to leave since maritime traffic in the region was closed on July 10 due to a Ukrainian drone attack.
4. According to Longzhong Information, as of October 28, 2026, the total methanol port inventory in China was 353,800 tons, a decrease of 10,000 tons from the previous period. Among them, inventory increased by 0.63 million tons in East China, while it decreased by 1.63 million tons in South China.
5. According to Jiemian News, Fuyao Glass's Phase II plant in the US is progressing smoothly after the fire: one production line has resumed operation, and the other is expected to be commissioned by the end of October.
6. Data released by the Peruvian Ministry of Energy and Mines shows that Peru's copper production in August was 230,676 tons, a year-on-year decrease of 5%. Cumulative copper production from January to August was 1,829,790 tons, a year-on-year increase of 1.2%. Peru's tin production in August was 2,733 tons, lead production was 26,158 tons, and zinc production was 105,625 tons.
